The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-11-18

silver certificates of small denominations. to-
eether with the increase in the circulation of
silver coins during the fifteen months ended
Sent. 80, amounts to upwards of sl49 O00
while in additIon several million dollars in
small gold coins have been drawn into circula-
ton. Under the provisions of the act of June
8. 1872 certificates of deposit amounting to $34,-
600 900 were issued during the fiscal year for
United States notes lodged in the Treasury.
The redemDtlons IN the same period we're
S43. 99O,O 600 There remained outstanding June
30 only SO, 10000, which is the least amount
shown a. the end of any fiscal year since the Is
cue began. the Treasurer attributes the limit
ed use of these certificates at this time to the
change in bank reserves from notes to coin, and
the demand for currency caused by business
activity.
There were no gold certificates issued during
the year; the recent redemptions amounted TO
$9,687428 OF the total of 81. l73, 3o4, $50 issued
from November, 1860, there were outstanding
the close of the year $l21, 486, ST.. of which
$50. 26l $50 in the treasury and so, 10 43I
In circulation The holdings of the treasury de-
creased nearly SO. 900 600 during the year; the
amount outstanding Oct. 81 was 1892, $40, 93T, of
which the treasury held So. sos, l58
The silver certificates outstanding at the close
OF the fiscal year amounted to $l4o o43 LOO an
increase of nearly $50, 000. 900 in twelve months
The amount in the treasury fell off in the same
period from nearly SIS, 100000 to s.. 40, l33,
while the increase IN the actual circulation was
little more than $54, 600. 600. This increase IS
due, in part, to the demand for small notes aris-
ing from the dscontin of the issue Of legal
tender ones and twos. There were put out.
Is. 1916 600 OF twos, and 81, 600 IN fves- The
Treasurer believes that nearly all of the trade
dollars have been redeemed
The coinage of standard silver dollars for the
fiscal year was $50. 216, 831. increase of 3d.
BIZ. 926 over 1856 On Oct. 81. the treasury held
s2l4 1852 and there were $62. $40, 623 In cir
euiation. Between June 30, 1856. and Oct. 81.
1887 the fractional silver coin in the Treasury
decreased from $28, 9O4. 68I to S24. 46S 135, and
The minor coin from $377, 814 to S51, 400. The
and scent pieces on hand are not more than suf-
hclent for payments over the counter. The
Treasurer calls attention to the rapid decrease
in the redemption of fractional currency. and
that a larger amount than has been estimated
has probably been lost destroyed The
amount outstanding June 30, shown by the
books, SIS, 322, 902, while the redemptlonS
for the year were only 81, 123.
The Treasurer renews the recommendations
of his predecessors, that all of the postal reve
nues be deposited in the treasury and be dis
that the payment OF Speakers certificates for
salaries and mileage of memb ers of Congress be
devolved upon a discussing officer.
Between the end of the fiscal year and Oct.
81 the number of depository banks in
creased from 200 to 220. At the latter date the
1926, to secure $31, 767, 478 of public moneys
deposit with these institutions. an increase of
over So, 00O, 600 in the market value of bonds
held, and little more than s. 000 600 in
eys secured for the period. The receipts of pub
lie funds by the banks during the year were
S128, 4S2. 769. making the aggregate from the be-
ginning of the system little short of 81 500, 000,
the year in bonds held to secure the circulation
of national banks, leaving deposit $191 $780,
700, against which there was outstanding $166,
625, 658 in national bank notes